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(Recent Census Bureau data show new business startups in California increasingly reluctant to hire other workers, given the costs and risks—the result of years in which state government piled costs and requirements on these startups and small businesses.)
I can still recall the excitement among community economic development professionals in the early 1980s, regarding new business startups and their job creation power. Groundbreaking research at the time by Massachusetts Institute of Technology professor David Birch revealed that contrary to prevailing wisdom, most new jobs were being generated not by the large and established employers, but by new and small businesses. Economic development strategy began to move away from the traditional attracting and retaining large businesses, to strategies for fostering startups and small businesses.
Reported to Us by CalChamber
